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Just surrendered by closing my VanGuard fund.
Vanity | 10/8/08 | vanity

Posted on 10/09/2008 1:00:23 PM PDT by prolifefirst

Can't take it anymore.


TOPICS: Business/Economy
KEYWORDS: sanity; stock; wisemove
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1 posted on 10/09/2008 1:00:23 PM PDT by prolifefirst
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To: prolifefirst

What do you mean by “surrender?” Did you turn it into cash?


2 posted on 10/09/2008 1:01:39 PM PDT by avacado
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To: prolifefirst

Why? I’m still in it!................


3 posted on 10/09/2008 1:01:40 PM PDT by Red Badger (My wallet is made out of depleted you-owe-mium........)
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To: prolifefirst

All righty, then.


4 posted on 10/09/2008 1:01:56 PM PDT by JennysCool (There are three kinds of lies: lies, damn lies, and the polls.)
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To: prolifefirst

OK? What does that mean?


5 posted on 10/09/2008 1:01:58 PM PDT by svcw (Great selection of gift baskets: http://baskettastic.com/)
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To: svcw

It means he took the penalty and closed out his 401k and will take the tax implications this year, probably will turn out to be a smart move, yet, if we all do it it’s game over.


6 posted on 10/09/2008 1:03:04 PM PDT by Scythian
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To: prolifefirst
So it's your fault!
7 posted on 10/09/2008 1:03:40 PM PDT by SandyInSeattle (Go, Sonics! And take the Mariners with you.)
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To: prolifefirst

I moved our Vanguard stock and bond funds into money market funds almost three weeks ago. Leading up to today, the decision saved us about $52K on out taxable investments. With today’s drop, I expect the “savings” to exceed $60K. Ouch!


8 posted on 10/09/2008 1:03:49 PM PDT by CatOwner
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To: prolifefirst

Just remember where you got out so you can get back in on the way up. Selling low and buying high is no way to go through life, son.


9 posted on 10/09/2008 1:04:21 PM PDT by Yo-Yo
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To: svcw

It means his loses have gone from on paper to in concrete.


10 posted on 10/09/2008 1:04:22 PM PDT by D-fendr (Deus non alligatur sacramentis sed nos alligamur.)
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To: Scythian

I means above all else I can’t afford to go non-liquid.


11 posted on 10/09/2008 1:04:43 PM PDT by prolifefirst
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To: prolifefirst
When the blood is in the streets and they start jumping out of windows, that's the time to start buying. :)

8000 maybe? Could it get even lower than that?? It's starting to become scary.

12 posted on 10/09/2008 1:04:57 PM PDT by jpl (Does anybody have seven hundred billion dollars I can borrow?)
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To: prolifefirst

Why?

Stocks are on sale!! This is the chance of a lifetime!


13 posted on 10/09/2008 1:05:23 PM PDT by Gamecock (Sadistic preachers don't talk about Hell.)
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To: prolifefirst

Buy high, sell low!


14 posted on 10/09/2008 1:05:27 PM PDT by Cementjungle
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To: prolifefirst

Buy high, sell low /s.


15 posted on 10/09/2008 1:06:25 PM PDT by Tribune7 (Obama wants to put the same crowd that ran Fannie Mae in charge of health care)
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To: jpl

Every day I was expecting it to turn.

Jeez Louise.


16 posted on 10/09/2008 1:06:47 PM PDT by prolifefirst
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To: Tribune7

I scoured the Journal and other news sources and freerepulic for some sign it would turn - nothing.


17 posted on 10/09/2008 1:07:46 PM PDT by prolifefirst
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To: svcw

Must be a Vanguard Opus vanity.

I’m soooo glad that over the past 20 years, Hubby and I invested in Real Estate and Gold & Silver. This past year has been quite profitable.


18 posted on 10/09/2008 1:08:15 PM PDT by alice_in_bubbaland (C'mon John! Fight back!)
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To: jpl
8000 maybe? Could it get even lower than that?? It's starting to become scary.

Down 40% from the peak in just over a year ...

Lovely I tell ya, just f'n lovely.

19 posted on 10/09/2008 1:08:51 PM PDT by tx_eggman ("The urge to save humanity is almost always a false front for the urge to rule" - Mencken)
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To: prolifefirst

Well, it’s not to turn today. It’s not going to turn maybe for months. But it’s going to turn.


20 posted on 10/09/2008 1:08:58 PM PDT by Tribune7 (Obama wants to put the same crowd that ran Fannie Mae in charge of health care)
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To: CatOwner
Does anyone think that the markets are being manipulated by someone like George Soras in order to control the election?
21 posted on 10/09/2008 1:09:00 PM PDT by Coldwater Creek ("There is no insanity greater than electing a pathological Narcissist as president.")
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To: Cementjungle

Or Sell High, buy low!!!


22 posted on 10/09/2008 1:09:01 PM PDT by Osage Orange (" I did not have radical relations with that man, William Ayers. " -Barack Hussein Obama)
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To: prolifefirst

Don’t worry friend, we may have yet further to drop, and then you can get in on the ride up.


23 posted on 10/09/2008 1:09:03 PM PDT by Xenophon450
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To: prolifefirst

I’ll let my 401K ride... check back with me in 20 years and I’ll tell you how it went.


24 posted on 10/09/2008 1:09:18 PM PDT by the_devils_advocate_666
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To: Cementjungle

Hey we aren’t back to pre 2000 levels yet, the George Bush years have just been “priced in”....also pricing in the coming socialist regime...


25 posted on 10/09/2008 1:09:34 PM PDT by databoss
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To: Doom

26 posted on 10/09/2008 1:10:01 PM PDT by evets (beer)
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To: prolifefirst

We pulled out of the market over 2 months ago. Purchased 600 oz of gold @ $771.00/oz. No regrets as of yet.


27 posted on 10/09/2008 1:10:05 PM PDT by A_Tradition_Continues (formerly known as Politicalwit ...05/28/98...Ain't no Newbie!)
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To: Gamecock

Yep, I’ve moved from 60% cash to ~24% in the last week. I’ve been holding that cash for over two years waiting for the pre-election, Soros-driven downturn.


28 posted on 10/09/2008 1:10:06 PM PDT by Liberty Tree Surgeon (Mow your own lawn!)
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To: prolifefirst

In order for you to sell,somebody must have bought;)


29 posted on 10/09/2008 1:10:22 PM PDT by mdittmar (May God watch over those who serve,and have served,to keep us free)
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To: the_devils_advocate_666

That’s the key, it depends WHEN you need it, if it’s a long term investment, leave it alone.


30 posted on 10/09/2008 1:10:27 PM PDT by word_warrior_bob (You can now see my amazing doggie and new puppy on my homepage!! Come say hello to Jake & Sonny)
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To: Coldwater Creek

Yes.


31 posted on 10/09/2008 1:10:30 PM PDT by Cedric
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To: Coldwater Creek

I do....no proof but it’s just what I think.


32 posted on 10/09/2008 1:10:50 PM PDT by mpackard (Read my Lip-Stick)
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To: All

At this point it’s “sell low, buy lower.”


33 posted on 10/09/2008 1:10:50 PM PDT by Your Nightmare
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To: prolifefirst

It’s just a good damn thing I like my job!
LOL!


34 posted on 10/09/2008 1:11:19 PM PDT by Redbob (W.W.J.B.D. - "What Would Jack Bauer Do?")
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To: All

Guess I should do the same with my house and retirement fund...I cannot take it anymore either...
No worries here though, I’ve planned my retirement very carefully and Bag Lady it is!


35 posted on 10/09/2008 1:11:19 PM PDT by BigIsleGal (Don't Make Me Call Out My Flying Monkeys!)
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To: CatOwner

Wnet to Fidelity MM a few weeks ago too...

time to batten down the hatch!


36 posted on 10/09/2008 1:11:24 PM PDT by southfloridaguy
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To: prolifefirst

I’m buying.


37 posted on 10/09/2008 1:11:29 PM PDT by jennyjenny
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To: databoss

I’ve lost all interest in sports and other recreation. All I can think of the health of loved ones and staying liquid.


38 posted on 10/09/2008 1:11:48 PM PDT by prolifefirst
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To: the_devils_advocate_666

Exactly. I’m in for the long haul. I did move some money about a month ago to fixed income “safe” investments in the 401K. When this starts to turn in a few weeks or months, I’ll just buy back into it again. Many bargains out there with more coming.


39 posted on 10/09/2008 1:12:08 PM PDT by SideoutFred (B.O. Stinks...it really does)
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To: A_Tradition_Continues

Uh Oh....You will be taxed under BHO’s new plan :-)


40 posted on 10/09/2008 1:12:35 PM PDT by showme_the_Glory (ILLEGAL: prohibited by law. ALIEN: Owing political allegiance to another country or government)
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To: prolifefirst
Absolutely nothing to base this on, and I'm not well-versed in economics or the stock market - but I wonder if this will keep up until November 4 (Election Day).

After that, it depends on who wins.........

41 posted on 10/09/2008 1:12:38 PM PDT by Prov3456
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To: prolifefirst

Liquidated all 401K funds and stocks 4 days ago... glad I did.


42 posted on 10/09/2008 1:12:58 PM PDT by BigFinn (Isa 32:8 But the liberal deviseth liberal things; and by liberal things shall he stand.)
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To: mpackard

Me too. Too bad we don’t have proof.


43 posted on 10/09/2008 1:13:10 PM PDT by Coldwater Creek ("There is no insanity greater than electing a pathological Narcissist as president.")
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To: Coldwater Creek

It’s crossed my mind, yes.


44 posted on 10/09/2008 1:13:46 PM PDT by jennyjenny
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To: Yo-Yo

DING DING DING.

We have the WINNER!


45 posted on 10/09/2008 1:14:37 PM PDT by proudpapa (McCain - Palin'08)
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To: prolifefirst

Never sell “low”, I did in 1987, and 2001. Regretted those decisions.

I have no doubt in my mind that really, the fundamentals of this economy are good. This environment that we’re experiencing is the “crashing of the greedy” on wall street, and their ‘emotional betting’ in the Wall Street Casino is driving down the values without any fundamental basis.


46 posted on 10/09/2008 1:15:11 PM PDT by The Bronze Titan
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To: word_warrior_bob

I’m leaving things as they are.

I’ve taken a hit like I didn’t expect.

But bailing out now? That’s not long term, and it’s not a good idea. As someone else said, “We all do it, it’s all over”.

A few people doing it, taking the hit now, and holding onto what they have left of their money is one thing and more power to them. Some people will need it in two years. I won’t need it for another 9 or so.

If it’s gone in 9... I guess I’m going to be pretty pissed then.

Right now, like many others, we ride the wave. We’re in the trough right now. Tomorrow, next year comes the crest.

We’ll see.

People need to not panic. Too many large organizations are panicking and that’s what is causing the losses on the market even right now.


47 posted on 10/09/2008 1:15:29 PM PDT by Rick.Donaldson (http://www.transasianaxis.com - Please visit for latest on Russia/China/DPRK et al.)
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To: prolifefirst

please consider buying precious metals with it.

Lurking’


48 posted on 10/09/2008 1:15:44 PM PDT by LurkingSince'98 (Catholics=John 6:53-58 Everyone else=John 6:60-66)
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To: mdittmar
In order for you to sell,somebody must have bought;)

I'm very happy that that still was the case.

Very happy it only took 20 minutes to get through on the phone istead of the usual 1 minute.

49 posted on 10/09/2008 1:15:51 PM PDT by prolifefirst
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To: CatOwner

I wish you had whispered advice in my ear back then. We’re way down but I’m counting on it going lower since we just transferred them today.


50 posted on 10/09/2008 1:15:54 PM PDT by secret garden (Dubiety reigns here)
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